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.7 <br />No. 98-26 <br />CITY OF FALCON HEIGHTS <br />COUNCIL RESOLUTION <br />Date: September 23, 1998 <br />RESOLUTION AUTHORIZING THE CITY TO ENTER INTO THE <br />SALES AND PURCHASE AGREEMENT WITH THE <br />SAINT PAUL WATER UTILITY TO SELL THE CITY'S <br />WATER ASSETS FOR S 1.00 <br />WHEREAS, on January 1, 1998 the City transferred the ownership of <br />the city's water system to the Saint Paul Water Utility Board of <br />Commissioners; and <br />WHEREAS, in return for the ownershp of the water system the Saint <br />Paul Water Utility Board of Commissioners agrees to operate and maintain <br />the water system in a way that protects and serves the city water users' <br />• public health and safety; and <br />WHEREAS, in return for the ownership of the water system the Saint <br />Paul Water Utility agrees to provide city water users the same rates as Saint <br />Paul water useres by 2003; and <br />WHEREAS, part of the agreement for ownership of the water system <br />requires selling the city's fixed water assets to the Saint Paul Water Utility; <br />THEREFORE, BE IT RESOLVED that the city enters into the Sales and <br />Purchase Agreement with the Saint Paul Water Utility to sell the city's water <br />assets for S 1.00. <br />------------------------------------------------------- <br />A roved b ~ . <br />Moved by: Hustad pp Y• <br />Mayor <br />September 23, 1998 <br />GEHRZ 4 In Favor Date <br />GIBBON TALBOT (absent) <br />HUSTAD 0 Against Attested by: , <br />JACOBS City Clerk <br />KUETTEL September 23, 1998 <br />Date <br />